Photo: Sammy Gyamfi, CEO of Gold Board
Ghana is set to take a major step towards transparency in its gold sector, with the Ghana Gold Board announcing plans to launch a blockchain-based Track-and-Trace system by the end of 2026. The initiative, unveiled by CEO Sammy Gyamfi at the 2025 Dubai Precious Metals Conference on November 24, aims to ensure full traceability of all gold purchased and exported from the country.
Speaking to industry delegates, Gyamfi detailed how the new system will verify and document the legitimate origin of every shipment of gold processed in Ghana. Each gram of gold purchased and exported will be recorded on a secure blockchain platform, enabling regulators to monitor the supply chain in real time and crack down on illegal mining activities.
“This is not optional,” Gyamfi told attendees. Under the Ghana Gold Board Act of 2025, we are legally obliged to ensure full traceability and compliance. The Track-and-Trace system will give both regulators and international buyers confidence in the provenance of Ghanaian gold.”
The CEO outlined that licensed mines will be subject to rigorous compliance audits to prevent them from serving as fronts for illegal operations. He also announced that the board is developing an ISO-certified assay laboratory to modernise gold testing and improve validation of artisanal and small-scale mining output.
Gyamfi said the Gold Board, now seven months into operation, has already strengthened regulatory enforcement ahead of the system’s deployment. The launch, initially planned for the first quarter of 2026, will now go live by the end of the year following detailed procurement and planning processes.
Highlighting the global significance of the initiative, Gyamfi pointed out that Ghana joins a growing list of countries using blockchain to enhance transparency. Earlier this year, the Democratic Republic of Congo launched a blockchain platform to verify state-issued diplomas, while Mauritius introduced a similar system for education, healthcare, production, and legal sectors. Botswana’s president, Masisi, has endorsed blockchain in diamond production, showing the technology’s potential across extractive industries.
By embracing blockchain technology, Gyamfi said Ghana aims to strengthen supply-chain oversight, deter smuggling, and give international buyers confidence in the authenticity of its gold.
“The Ghana Gold Board is committed to transparency, innovation, and regulatory excellence,” he said. “This system is a game-changer for our gold sector and for the reputation of Ghana on the global stage.”
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